Victoria Airport Authority Annual Report 2012
Victoria Airport Authority Annual Report 2012
Victoria Airport Authority Annual Report 2012
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CAPITAL INITIATIVES AND BUSINESS PLAN<br />
During <strong>2012</strong>, the <strong>Victoria</strong> <strong>Airport</strong> <strong>Authority</strong> undertook capital projects totalling $6 .0 million;<br />
some of the significant projects undertaken in <strong>2012</strong> included:<br />
Thousands $<br />
Willingdon Road realignment 1,295.6<br />
Circulation, Security and Concessions (<strong>2012</strong> portion) 1,014.6<br />
Rehabilitation of airfield pavements 882.6<br />
Common use self service improvements 399.5<br />
Rapid intervention vehicle 335.9<br />
Multi-use path 312.3<br />
ATB security improvements 290.7<br />
Reay Creek remediation 232.1<br />
<strong>2012</strong> Actual vs. Business Plan (Shown in Thousands $)<br />
Actual Plan Difference Explanation<br />
Revenue $23,586 .5 $23,341 .7 $244 .8 Variance is mostly<br />
attributable to additional<br />
concession revenues<br />
Expenses<br />
(note 1)<br />
$12,894 .8<br />
$13,197 .3 $302 .5 Variance is mostly<br />
attributable to property taxes<br />
and services supplies and<br />
administration being less<br />
than budget<br />
Capital $6,038 .6 $9,237 .0 $3,198 .4 Timing related changes to<br />
the start or completion date<br />
of certain projects in <strong>2012</strong><br />
<strong>2012</strong> ANNUAL REPORT |<br />
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